近年来，随着全球高端消费品市场格局变化，中国高端制造与文化消费品出海成为新趋势。而雪茄，作 为烟草行业的"奢侈品"，正成为中国品牌走向世界的重要载体。 近日，中烟香港动作频频，陆续与四川中烟、湖北中烟、山东中烟及安徽中烟签署全球雪茄独家经销及 代理协议。中烟香港通过深度资源联合，将"长城""黄鹤楼""泰山""王冠"四大国产高端雪茄品牌纳入旗 下，成功组建了一支覆盖全球市场的"中式雪茄出海舰队"，标志着中式雪茄统一出海平台已初步建成， 雪茄产业正式迈入全新发展阶段。 深入梳理相关合作协议不难发现，本轮合作绝非偶然，而是基于我国雪茄产业长远布局的战略性抉择。 三大维度释放协同价值 1）战略层面：联合行业资源，打造中式雪茄统一出海通道 多年来，四川中烟、湖北中烟、山东中烟、安徽中烟作为我国雪茄制造领域的四大核心力量，携手构建 起了中式雪茄完备且先进的核心生产与研发体系。 2）企业层面：拓宽市场渠道，讲好中式雪茄的故事 对中烟香港自身而言，本轮合作不仅着眼于宏观的产业布局，也是应对当前市场变局、开辟新增长曲线 的关键战略行动。 在此背景下，中烟香港通过与四家公司签署雪茄独家经销及代理协议，将雪茄业务范围由此前的特定免 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年11月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 中煙國際（香港）有限公司 | | | 呈交日期: | 2025年12月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06055 | | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 691,680,000 | | 0 | | 691,680,000 | | 增加 / 減少 ...

Key Points - On November 21, Tencent Holdings (00700), Xiaomi Group-W (01810), and Alibaba-W (09988) ranked as the top three in net inflow of southbound funds, with net inflows of 1.735 billion, 1.270 billion, and 1.156 billion respectively [1] - The top three in net outflow of southbound funds were Yingfu Fund (02800), Hang Seng China Enterprises (02828), and Southern Hang Seng Technology (03033), with net outflows of -5.138 billion, -1.106 billion, and -0.424 billion respectively [1] - In terms of net inflow ratio, Shenzhen Expressway Company (00548), China Everbright Bank (06818), and Xin Ao Energy (02688) led the market with ratios of 58.43%, 57.75%, and 56.76% respectively [1] - The top three in net outflow ratio were Wisdom Hong Kong 100 (02825), China Oriental Education (00667), and China Tobacco Hong Kong (06055), with ratios of -100.00%, -67.02%, and -59.95% respectively [1] Net Inflow Rankings - Tencent Holdings (00700) had a net inflow of 1.735 billion, representing an increase of 11.98% in its closing price of 610.000, down by 1.77% [2] - Xiaomi Group-W (01810) saw a net inflow of 1.270 billion, with a net inflow ratio of 8.03% and a closing price of 38.080, up by 1.01% [2] - Alibaba-W (09988) recorded a net inflow of 1.156 billion, with a net inflow ratio of 5.51% and a closing price of 147.600, down by 4.65% [2] Net Outflow Rankings - Yingfu Fund (02800) experienced the highest net outflow of -5.138 billion, with a net outflow ratio of -27.71% and a closing price of 25.360, down by 2.46% [2] - Hang Seng China Enterprises (02828) had a net outflow of -1.106 billion, with a net outflow ratio of -24.09% and a closing price of 91.020, down by 2.59% [2] - Southern Hang Seng Technology (03033) recorded a net outflow of -0.424 billion, with a net outflow ratio of -3.05% and a closing price of 5.270, down by 3.66% [2] Net Inflow Ratio Rankings - Shenzhen Expressway Company (00548) led with a net inflow ratio of 58.43%, with a net inflow of 4.4352 million and a closing price of 7.430, down by 1.59% [3] - China Everbright Bank (06818) followed with a net inflow ratio of 57.75%, with a net inflow of 83.2548 million and a closing price of 3.560, down by 3.52% [3] - Xin Ao Energy (02688) had a net inflow ratio of 56.76%, with a net inflow of 2.55 billion and a closing price of 69.250, down by 0.57% [4] Net Outflow Ratio Rankings - Wisdom Hong Kong 100 (02825) had a net outflow ratio of -100.00%, with a net outflow of -47,000 and a closing price of 29.380, down by 2.84% [4] - China Oriental Education (00667) recorded a net outflow ratio of -67.02%, with a net outflow of -38.7559 million and a closing price of 5.550, down by 2.80% [4] - China Tobacco Hong Kong (06055) had a net outflow ratio of -59.95%, with a net outflow of -1.27 billion and a closing price of 33.240, down by 3.60% [4]

Core Viewpoint - 中烟香港 (06055.HK) experienced a significant increase in stock price, rising over 4% in early trading and currently trading at 38.68 HKD with a transaction volume of 45.83 million HKD [2] Summary by Category - **Stock Performance** - 中烟香港's stock rose by 3.92% to 38.68 HKD [2] - The stock saw an increase of over 4% in early trading [2] - The trading volume reached 45.83 million HKD [2]

Core Viewpoint - China Tobacco Hong Kong (06055) has signed exclusive global distribution agreements for "Crown" cigars with Anhui Tobacco Industrial Co., Ltd., marking a significant step in establishing a global sales platform for Chinese cigars [1] Group 1: Company Developments - China Tobacco Hong Kong's stock rose over 4% in early trading, currently at HKD 38.68 with a trading volume of HKD 45.83 million [1] - The company has completed exclusive distribution agreements with Sichuan Tobacco, Hubei Tobacco, and Anhui Tobacco, and an exclusive agency agreement with Shandong Tobacco, indicating a robust strategy for global market penetration [1] Group 2: Market Position and Growth Potential - China Tobacco Hong Kong is the only capital platform under China Tobacco Group, benefiting from a strong regulatory environment and deep market barriers [1] - The company is expected to have stable internal growth drivers and significant potential for external growth, supporting China Tobacco's globalization strategy [1]

Core Viewpoint - China Tobacco Hong Kong (06055) has signed exclusive global distribution agreements for "Wangguan" cigars, indicating a strategic move to establish a global sales platform for Chinese cigars [1] Group 1: Company Developments - China Tobacco Hong Kong's stock rose over 4% in early trading, currently at 38.68 HKD with a trading volume of 45.83 million HKD [1] - The company has signed exclusive global distribution agreements with Anhui Tobacco, Sichuan Tobacco, and Hubei Tobacco, completing the initial phase of its global sales platform for Chinese cigars [1] Group 2: Market Position and Growth Potential - China Tobacco Hong Kong is the only capital platform under China Tobacco Group, benefiting from a strong regulatory environment and deep market barriers [1] - The company is expected to have stable internal growth driven by its core business, with significant potential for overseas expansion and a strong pipeline of quality external assets [1]

Core Viewpoint - 中烟香港 has signed an exclusive distribution agreement for the "Crown" cigar in the global market with Anhui Tobacco Industrial Co., Ltd. on November 6, 2025, based on a framework agreement for exporting cigarettes to new regions [1] Group 1 - 中烟香港 is expanding its market presence through the exclusive distribution of "Crown" cigars [1] - The agreement with Anhui Tobacco signifies a strategic partnership aimed at enhancing the global reach of the brand [1]

Core Viewpoint - The company has signed an exclusive distribution agreement for the "Crown" cigar with Anhui Tobacco Industrial Co., Ltd., expanding its market reach to a global scale, excluding mainland China [1] Group 1: Agreement Details - The exclusive distribution agreement for the "Crown" cigar was signed on November 6, 2025, with Anhui Tobacco [1] - The distribution scope has expanded from previously limited markets (Thailand, Singapore, Hong Kong, Macau, and domestic duty-free markets) to a global market [1] Group 2: Strategic Partnerships - Since July 2025, the company has signed similar exclusive distribution agreements with Sichuan Tobacco Industrial Co., Ltd., Hubei Tobacco Industrial Co., Ltd., and Shandong Tobacco Industrial Co., Ltd. [1] - These agreements are part of the company's strategy to build a global sales platform for Chinese cigars [1] Group 3: Future Plans - The company aims to deepen collaboration with the four tobacco brands to create a Chinese cigar brand with international influence and competitiveness [1]

Core Viewpoint - The company has signed an exclusive distribution agreement for the "Crown" cigar in the global market, expanding its reach beyond previous markets, which included Thailand, Singapore, Hong Kong, Macau, and domestic duty-free markets in China [1] Group 1: Agreement Details - On November 6, 2025, the company signed an exclusive distribution agreement for the "Crown" cigar with Anhui Tobacco Industrial Co., Ltd [1] - The exclusive distribution scope for the "Crown" cigar has been expanded to the global market, excluding mainland China [1] Group 2: Strategic Partnerships - Since July 2025, the company has signed exclusive distribution agreements for cigars with Sichuan Tobacco Industrial Co., Ltd, Hubei Tobacco Industrial Co., Ltd, and Anhui Tobacco, as well as an exclusive agency agreement with Shandong Tobacco Industrial Co., Ltd [1] - These agreements are part of the initial steps to establish a global sales platform for Chinese cigars [1] Group 3: Future Plans - The company aims to leverage these agreements to deepen collaboration with the four tobacco brand enterprises to create a Chinese cigar brand with international influence and competitiveness [1]

Core Viewpoint - The company has signed an exclusive distribution agreement for the "Crown" cigar in the global market, expanding its reach beyond the previously established markets in Thailand, Singapore, Hong Kong, and Macau [1] Group 1 - The exclusive distribution agreement with Anhui Tobacco Industrial Co., Ltd. was signed on November 6, 2025, marking a significant step in the company's global expansion strategy [1] - The distribution scope for the "Crown" cigar has been extended to the global market, excluding mainland China, enhancing the company's international presence [1] - Since July 2025, the company has established exclusive distribution agreements with multiple tobacco companies, including Sichuan Tobacco, Hubei Tobacco, and Shandong Tobacco, to build a global sales platform for Chinese cigars [1] Group 2 - The company aims to deepen collaboration with the four tobacco brands to create a Chinese cigar brand with international influence and competitiveness [1]